Mergers & Acquisitions

The California Supreme Court has upheld a $5.7 million jury verdict against management of a southern California hospital and in favor of a doctor who claimed he was framed when someone planted a bag of illegal drugs and a loaded gun in his car.

Multiple bidders were involved in the deal.

Capital One will take over the healthcare finance arm of GE Capital in a $9 billion deal, the financial firm announced Tuesday night, turning a company known best for its "what's in your wallet" credit card business into a powerhouse in the healthcare lending sphere.

BlueMountain's operation and potential ownership of Daughters of Charity guarantees that the hospitals will stay open for a minimum five years.

The companies said the deal will make them better able to improve their post-acute care services and create better value of care for their partner hospitals and clinicians, which in the age of value-based reimbursements will improve bottom lines for all involved.

Bank SNB and Texas Capital Bank will give Foundation a $10 million acquisition line of credit and an additional $10 million on an incremental basis.

Community Health Systems is spinning off a group of rural hospitals and aiming to compete in larger metropolitan areas.

Providence Hospitals would keep its name and continue to operate as a Catholic hospital.

Capella Healthcare, a Franklin, Tennessee-based operator of hospitals and acute care centers, will be sold Medical Properties Trust, a Birmingham, Alabama-based real estate investment trust, for $900 million, the companies announced on Monday.

The deal with Capella Healthcare will bring four hospitals located in central Tennessee into Saint Thomas Health.